Company name

Muneshwers Limited

Project number

14177-01

Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.

E&S category
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B

Country

Guyana

Sector

Transport

Status

Approved

Disclosed date

08/22/2022

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
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09/16/2022

Approval date

09/16/2022

Signed date

N/A

Sponsoring entity

N/A

Team leader

Tupper Carabano, Jaime

Investment type

Syndicated amount

N/A

Financing amount

USD $ 4,000,000

Currency

USD

Project scope and objective

Muneshwers Limited “Muneshwers”or the “Company”) is a legally registered company in Guyana that provides import and export services of containerized cargo to various parts of the world with direct services to Suriname, Trinidad, Colombia, and Panama. Muneshwers is the shipping agent and terminal operator for the Maersk Line and Sealand, the largest shipping line in the world and one of the market leaders in Guyana. With over twenty (20) years of experience in the shipping industry, the company is positioning itself to take opportunity of Guyana’s impressive economic growth. The loan funds will be destined for the acquisition of a mobile harbor crane for Muneshwers port operations in Georgetown. The addition of this crane, which will be used for multipurpose cargo activities, will help increase the processing capacity of the port, which has been trending upwards in volume of cargo handled.

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Environmental and social review

IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.

MUNESHWERS ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

969.6 Kb

MUNESHWERS ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)

365.1 Kb

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Contact information

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Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

Chandradat Chintamani

POSITION

General Manager

PHONE NUMBER

+592 227-7417 ext. 3000

EMAIL

gm@muneshwers.com

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

COUNTRY OFFICES

IDB Invest Country Offices

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